Yes. As long as you’re mentally competent, you can revoke or update it at any time. It’s recommended that you review it after major life events like marriage, divorce, or serious diagnoses, or simply every 10 years (“new decade, new plan”).

Yes. Utah requires that all business names be unique and not in use by another entity. You can check availability through the Utah Division of Corporations business name search. If you’re a sole proprietor or partnership using a name different from your legal name, you must file a DBA (Doing Business As) registration.

Create formal agreements that define ownership and responsibilities.

  • Limited liability company’s: Have an operating agreement.

  • Partnerships: Have a written partnership agreement.

  • Corporations: Adopt bylaws and record meeting minutes. You should also open a business bank account to separate personal and business finances and maintain liability protection.

Yes. While not all coverage types are legally required, insurance protects you from major losses.

  • General liability insurance covers accidents or damage.

  • Professional liability insurance is useful for service providers.

  • Workers’ compensation insurance is required if you have employees. Having the right insurance shows credibility and ensures compliance with Utah law.

After formation, Utah businesses must stay compliant by:

  • Filing annual renewals with the Utah Division of Corporations.

  • Keeping their registered agent and address updated.

  • Renewing local business licenses each year.

  • Filing state and federal taxes on time. Maintaining proper records, contracts, and renewals protects your business from penalties or dissolution.

If you’re unsure about which business structure to choose or need help with compliance, consult a Utah business attorney. The attorneys at Christensen & Jensen guide entrepreneurs through entity formation, licensing, tax registration, and ongoing compliance, so you can focus on growing your business while staying legally protected.